tax Archive
Recent Changes in Top Personal Income Tax Rates in Europe, 2021
October 7, 2021
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TweetShareSharePin0 Shares In 2019, revenue from personal income taxes made up 24 percent of total tax revenue across OECD countries. Countries tax labor income in various ways through payroll taxes, personal income taxes, and, in some cases, surtaxes. Between 2018 and 2021, eight European countries in the OECD changed their top personal income tax rates. Of these eight countries, four
Refining the Tax Court’s Jurisdiction in Passport Cases
October 6, 2021
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TweetShareSharePin0 Shares The case of Garcia v. Commissioner, 157 T.C. No. 1 (2021) provides clarity and guidance on the Tax Court’s jurisdiction in passport cases as the Court issues a precedential opinion to make clear some of the things that can and cannot happen in a contest regarding the certification of passport revocation. I did
Regional Tax Competition Is Stopping Spain from Being Europe’s Tax Hell
October 6, 2021
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TweetShareSharePin0 Shares To shed light on the Spanish tax system, the Tax Foundation and the Foundation for the Advancement of Liberty produced the Spanish Regional Tax Competitiveness Index (RTCI). The Index compares the 19 Spanish regions on five major areas of taxation: individual income tax, wealth tax, inheritance tax, transfer taxes and stamp duties, and
A Carbon Tax is Not the Solution to Global Climate Change
October 5, 2021
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TweetShareSharePin0 Shares The definition of insanity, according to a famous quotation (often mis-attributed to Albert Einstein) is “doing the same thing over and over and expecting different results.” I often think of that quote when I read yet another statement by noted economists touting a carbon tax as the solution to global climate change. Full
Which Industries Would the Tax Hikes Target?
October 5, 2021
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TweetShareSharePin0 Shares A recent Tax Foundation analysis considered how various proposals from the Biden administration, from Congress, and from the Organisation for Economic Co-operation and Development would affect the effective tax rates (ETRs) on the foreign profits of U.S. multinationals. That analysis focused on how each policy and proposal would affect the overall ETRs. But
Clean Energy Tax Credits Can’t Do the Work of a Carbon Tax
October 5, 2021
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TweetShareSharePin0 Shares As another season of record-breaking heat, wildfires, and hurricanes unfolds, Congress is debating how to address climate change and fund green infrastructure in its $3.5 trillion budget reconciliation legislation. Though Democrats have declared ambitious goals for addressing climate change, they continue to shy away from carbon pricing in favor of tax breaks for
Appeals Finalizes Team Case Leader Initiative
October 5, 2021
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The Sixth International Taxpayer Rights Conference kicked off today with a workshop on ombuds and advocates and continues through Friday. As Nina Olson mentioned last week in Taxpayer Rights as Human Rights: Registration is
House Democrats Tax Increases in Historical Context: Build Back Better
October 4, 2021
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TweetShareSharePin0 Shares One way to put the House Build Back Better Act’s tax increases in historical context is to compare them to previous tax increases as a share of gross domestic product (GDP). Compared to previous tax changes, this House tax plan would impose the largest gross tax increase since President Lyndon Johnson’s tax hike
Proposed Top Combined Marginal Capital Gains Tax Rate Would Be Third-Highest in OECD
October 4, 2021
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TweetShareSharePin0 Shares Under the House Build Back Better Act (BBBA), the United States would tax capital gains at the third-highest top marginal rate among rich nations, averaging nearly 37 percent. In the U.S., long-term gains currently face a top marginal tax rate of 23.8 percent at the federal level, the result of a maximum 20 percent
Tax Justice Network Arabic podcast #46: ضريبة تثير جدلا لدى صانعي المحتوى الرقمي في مصر
October 4, 2021
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TweetShareSharePin0 Shares Welcome to the 46th edition of our Arabic podcast/radio show Taxes Simply الجباية ببساطة contributing to tax justice public debate around the world. It’s produced and presented by Walid Ben Rhouma and is available on most podcast apps. Any radio station is welcome to broadcast it for free and websites are also welcome to share it. You can follow
